Saturday, January 26, 2008

Now it’s German Banks in trouble

Landesbanks' subprime exposure 80 bln eur

"Four German state banks have a combined exposure of almost 80 billion euros ($117.2 billion) to risky assets and the state bank of Bavaria, BayernLB, could need an over 2 billion euro write-down, FOCUS magazine reported".

Posted by alan @ 08:29 PM (691 views)
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One thought on “Now it’s German Banks in trouble

  • The Euro is a sham


    Goodbye Euro.

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